US companies shares fall by Zivka Deleva

It is amazing how connected the countries are today. When people launched the globalization more than a century ago didn't think of the bad consequences that this appearence might have. The utopian idea that when the world is going be united with a dominating culture, language, in terms of the anglo-saxon culture, they forgot to think that when economical crises is going to come, its effect is going to hurt everyone. Europe's grave contagion effects is influenting one country to another as a virus. But, now has spread on the other side of the Atlantic - there where the great recession begun first place. One of the biggest companies note fall of the stocks. The Standard and! Poor's Index showed that "Walt Disney", "American Express" and "General Electric" loose a lot of money. The American Express' shares rose the most in the Dow last year, fell 3.1 percent to $44.43. Disney slumped 3.4 percent to $35.34. General Electric declined 2.6 percent to $18.10. Even the European Central Bank council member Axel Weber warns that the threat is still here. “The credit fears are dominating the market. There’s still concern about Greece and whether the package will be sufficient and avoid spreading to Portugal and Spain” - Mark Bronzo, an Irvington, New York-based fund manager at Security Global Investors, said in statement. According to a lot of analysts, it is expected that the unemployment rate is not going to move from the 9.7 percent point this year. One thing is good as far as the US economy is concerned, that the sevice industries have expanded and they represent big percentage of the US incomes.

by Zivka Deleva for Cantell TV (http://cantell.tv)

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